This is the second bankruptcy in five years for a parent company of Brio Italian Grille. | Photo: Shutterstock.
Bravo Brio Restaurants, the parent of a pair of Italian casual-dining chains, declared bankruptcy on Monday, according to court documents.
The Orlando-based company estimated both its assets and liabilities at between $50 million and $100 million. The largest unsecured creditor listed in bankruptcy documents is the distributor Sysco Corp., at $1.9 million.
There were several filings on Monday under Bravo Brio Restaurants and its brands Bravo Cucina Italiana and Brio Italian Grill.
Bravo Brio said in a statement on Tuesday that the Chapter 11 process will allow it to close underperforming locations, restructure its…